Exfo to Acquire Burleigh Instruments

Purchase price is $275 million in cash and stock

November 8, 2000

1 Min Read

EXFO announced the agreement to acquire Burleigh Instruments for $275 million. Highlights of the transaction:

  • Purchase transaction for $235 million in stock and $40 million in cash, subject to a 10% collar on the October 31, 2000 closing price of $38.13.

  • The transaction is expected to be neutral to F01 EPS estimates and 5% accretive to F02 consensus EPS of $0.40.

  • Revenue contributions of $20 million in F01 and $40 million in F02.

    Burleigh is a leading supplier of DWDM wavelength measurement equipment and precision positioning equipment. With the transaction, EXFO gets the industry's most accurate and highest resolution wavelength measurement capability and with it some blue chip customers. In addition, Burleigh has recently introduced a product called Inchworm, which provides the industry's most precise positioning technology for mechanical fiber alignment. Both of these product lines strengthen EXFO's position in the component, module and system manufacturing environments. Burleigh's products are complimentary to EXFO's existing products.


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